WEB NEWS

  MUMBAI, MARCH , 2025: Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a Gateway and a Ginger hotel in Ludhiana. These greenfield projects will be part of a mixed-use development. Ms. Suma Venkatesh, Executive Vice President, Real Estate & Development, IHCL, stated, “Ludhiana’s recognition under the Smart City Mission has spurred significant infrastructure development leading to a surge in business travel and tourism. The signing of Gateway and Ginger hotels is in line with IHCL’s strategy of building its presence in emerging markets. We are delighted to partner with Hampton Sky Realty Ltd. and contribute to the city’s growth story.” The 110-key Gateway Ludhiana, embodying the spirit of the city will offer immersive experiences. Guests can indulge in the culinary delights at the all-day-diner and the bar. Featuring a range of premium amenities including a gym, swimming pool, the hotel will also house a 5,000 sq. ft. ballroom de...

SBC Exports Limited (BSE: 542725, NSE: SBC), a pioneering force in the realm of global trade, has announced that a Work Order for providing Manpower Outsourcing Services has been awarded to the company by Higher Education Department Delhi through Guru Gobind Singh Indraprastha University. The aggregate purchase order cost of the said Work-Order is ₹ 111.29 Mn. Earlier, the company announced its un-audited financials for the quarter and nine months ended 31 December 2024. Further, the board has also recommended a bonus issue in the ratio of 1:2. For the quarter ended 31 December 2024 (Consolidated), the company reported Revenues at Rs. 7613.43 Lakhs, growing 44.43% YoY. The PAT grew 24.76% YoY to Rs. 357.74 Lakhs (Q3FY25). For nine months ended 31 December 2024 (Consolidated), revenue grew by 48.80% from Rs. 14196.81 Lakhs in 9MFY24 to Rs. 21125.07 Lakhs in 9MFY25PAT increased by 47.87% from Rs. 963.17 Lakhs in 9MFY24 to Rs. 1426.22 Lakhs in 9MFY25. Further, the board approved the i...

Lucent Industries Limited (BSE: 539682) has announced that its Board of Directors will meet on Monday, 24th February 2025, to consider the proposed Scheme of Amalgamation with Mobavenue Media Private Limited. This proposal outlines a potential vertical expansion for Lucent Industries in the MadTech (MarTech + AdTech) sector. Mobavenue Media, founded in 2017, is an AI-powered programmatic and digital growth marketing technology company. It offers solutions through platforms—PrsmX, SurgeX DSP, and ResurgeX—covering the full consumer journey, from awareness to retention. Mobavenue has shown strong performance, with revenue rising from Rs. 35.5 crore in FY22 to Rs. 98.3 crore in FY24. The company has received over 40 industry awards, including 'MarTech Agency of the Year' and a spot on 'Forbes Asia 30 under 30.' Lucent Industries aims to explore synergies with Mobavenue’s technology-driven approach to digital marketing across sectors like gaming, fintech, e-commerce, ...

BLS International Services Limited (BSE: 540073, NSE: BLS), is an Indian multi-national corporation and a trusted global tech-enabled services partner for governments and citizens. The company has got a buy call from Nuvama with Target Price INR 637. Nuvama further added, “Its operational performance aligned with our estimates. It posted a record high quarterly revenue. As the only listed Indian company in global visa processing and G2C services outsourcing, BLSIN operates a capital light and cash-generating model, with strong growth potential. New visa contracts and an expanding digital services network can further enhance profitability. Its strong track record of acquisitions continues to broaden its market reach and service portfolio. Given its in line performance in Q3FY25 and higher-than anticipated margin guidance, we have revised our FY25/FY26 EBITDA estimate upwards by 6% each. Consequently, we raise our SoTP-based TP to INR637 from INR604. Maintain 'BUY'.” Earlier, BLS...

by Priya Jadhav  Mumbai, India – A groundbreaking study conducted by the Madras Diabetes Research Foundation (MDRF) has revealed that consuming a handful of roasted, unsalted pistachios (approximately 30g) before meals can significantly slow the progression to diabetes in individuals with prediabetes. The study, titled “Effect of Premeal Pistachio Supplementation on Cardiometabolic Risk Factors among Asian Indian Adults with Prediabetes: A Randomized Controlled Trial,” was recently published in The Journal of Nutrition. It was led by Dr. V. Mohan, Chairman, Madras Diabetes Research Foundation, in collaboration with renowned researchers, including Dr. Walter Willett, Dr. Frank Hu, and Dr. Shilpa N. Bhupathiraju from the Harvard T.H. Chan School of Public Health in the United States, as well as Dr. Jordi Salas-Salvadó from the Institut d’Investigació Sanitaria Pere Virgili, Universitat Rovira i Virgili, Reus, Spain. India is home to 136 million adults with prediabetes and more than 1...

Balu Forge Industries Ltd. (BFIL) (BSE: 531112, NSE: BALUFORGE), a leading precision engineering and manufacturing company, approved its unaudited Consolidated Financial Results for the quarter ended 31st December 2024, in the meeting of its Board of Directors held on 7th February 2025. BFIL registered a robust revenue growth of 73.91% YoY and revenue from operations stood at INR 2,557.83 Mn in Q3FY25 compared to INR 1,470.75 Mn in Q3FY24 because of the constant focus on client addition and continued demand for the specialized engineering products. EBITDA grew by 106.95% and margins expanded by 422 bps from 22.24% in Q3FY24 to 26.47% in Q3FY25 owing to increase in scale of operations and increased demand for heavier products which tend to yield better margins. PAT grew by 134.09% and PAT margins improved by 528 bps from 16.95% in Q3FY24 to 22.24% in Q3FY25. Commenting on the performance of Q3FY25, Mr. Trimaan Chandock, Executive Director of BFIL stated: We are pleased to report strong ...

BLS International Services Limited (BSE: 540073, NSE: BLS), an Indian multi-national corporation and a trusted global tech-enabled services partner for governments and citizens, announced its consolidated financial results for the quarter and nine months ended 31st December 2024. The company’s Revenue from Operations expanded by 17.1% YoY to Rs. 512.8 Crores in Q3FY25 from Rs. 437.9 Crores in Q3FY24. Company’s EBITDA surged by 78.5% YoY to Rs. 158.1 Crores during the quarter as compared to Rs. 88.6 Crores in Q3FY24. EBITDA Margin increased to 30.8% in Q3FY25 from 20.2% in Q3FY24. Margin expansion was enhanced by the ongoing transition from partner run to self-managed model and integration of newly acquired businesses. PAT for the quarter scaled to Rs. 127.9 Crores as compared to Rs. 87.2 Crores reported in Q3FY24, a growth of 46.7% YoY. Post acquisitions done in FY25, the company’s net cash balance stood at Rs. 690 Crores as of 31st December 2024. The company’s Revenue from Operations ...

by Priya Jadhav  Mumbai, 24th January 2025: LIC Mutual Fund, one of the reputed fund houses in India, is launching LIC MF Multi Asset Allocation Fund, an open-ended scheme investing in equity, debt and gold. The New Fund Offer (NFO) will open on 24th January 2025 and close on 07th February 2025. The investment objective of the scheme is to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity related instruments, debt and money market instruments and units of gold Exchange Traded Funds (ETFs). The benchmark of the scheme is a combination of 65% Nifty 500 TRI + 25% Nifty Composite Debt Index + 10% price of domestic gold. Mr. Nikhil Rungta, Mr. Sumit Bhatnagar and Mr. Pratik Shroff will be the Fund managers of the Scheme. The scheme will reopen for continuous sale and repurchase on 18th February 2025. Commenting on the NFO, Mr. R.K. Jha, Managing Director & Chief Executive Officer of LIC Mutual Fund Asset Management Ltd., said: “The ...

MOS Utility Ltd. (NSE: MOS), through its subsidiary MOS LOG Connect Private Limited, is pleased to announce the formalization of a service agreement with Spacemantra Solutions Private Limited, a subsidiary of Rhiti Sports Group. Rhiti Sports, a leading name in innovation-driven initiatives, has announced a strategic partnership with MOS Utility Ltd, a fast-growing FinTech company listed in 2023, to redefine India’s lotto industry. This agreement aims to drive the marketing and sale of online lotto tickets across India. Under this agreement, MOS LOG Connect will act as a master marketing agent for the sale of online lotto tickets, leveraging its extensive distribution network and advanced technology platform to deliver seamless, secure, and accessible services. Under this initiative, MOS Utility Ltd and Rhiti Sports will empower agents nationwide to facilitate the sale of online lotto tickets. The project aligns with the “Digital India” vision, promoting transparency and creating job op...

by Priya Jadhav Mumbai, Jan 16 ,2025: In a significant milestone for Ayurvedic medicine, Amrith Noni has successfully completed human clinical trials for its flagship product, Amrith Noni Artho Plus. Conducted in collaboration with Nalanda Clinserve under the stringent guidelines of CTRI-Reg India, the trial underscores the brand's commitment to providing high-quality, effective solutions to its customers. Addressing a press conference in Mumbai, Dr. A.K. Srinivasamurthy, Managing Director of ValYou Products Ltd., emphasized the pressing need for innovative treatments for arthritis, a condition affecting over 210 million people in India—15% of the population. Arthritis, which includes more than 100 types such as Osteoarthritis, Rheumatoid Arthritis, and Gout, is more prevalent than cancer, AIDS, and diabetes. He noted, “Stress and unhealthy lifestyle changes have made arthritis a problem for the younger population as well. While there is no complete cure, we must focus on safer and...

by Priya Jadhav  The 3-day event to revolutionize home buying with vast choices, benefits, and focus on women buyers Highlights: Theme:  “Book Your Home in 10 Minutes,” we aim to transform real estate, making home bookings faster and more seamless. Mumbai…January , 2025…The 32nd Property and Home Finance Expo by CREDAI-MCHI, the apex body representing real estate developers in the Mumbai Metropolitan Region (MMR), is scheduled for January 17-19, 2025, at the Jio World Convention Centre. The expo is set to revolutionize the real estate landscape with its bold theme, “The Mall of Homes.” This three-day event aims to transform the home-buying journey, providing innovations and interactive engagements for homebuyers, industry professionals, and key stakeholders. The event will feature over 100+ developers, including prominent names like DGS TOWNSHIP, Adani Realty, AJMERA REALTY & INFRA, Kalaptaru LTD, MICL Group, Rustomjee, Romell Group, Prestige Group, A2O Realty, PURAVANKARA...

by Priya Jadhav  Mumbai, 11th January 2025 : Notandas Realty proudly commences a new era in luxury commercial real estate with the auspicious Bhumi Pujan ceremony of Notan Edge, an architectural marvel set to redefine Juhu’s business landscape. Designed with innovation and sustainability at its core, Notan Edge will offer a premium blend of state-of-the-art infrastructure, eco-friendly features, and modern amenities, catering to businesses that seek excellence in a prime location. This ceremony marks the commencement of the construction phase of the project, signifying a significant milestone for Notandas Realty. Positioned advantageously in Juhu, Notan Edge is poised to transform the landscape of commercial real estate through its cutting-edge design, advanced mechanical parking system accommodating 200 vehicles, and sustainable infrastructure. The development integrates environmentally friendly elements, including double-glazed windows, which are designed to minimize carbon footp...